Menu

Login to access your account

Sat, 16 January 2021

Personalise Your Politics

Subscribe now
The House Live All
Environment
Coronavirus
Coronavirus
Economy
Coronavirus
Press releases

COVID-19: Protect yourself from fraud

Building Societies Association | Building Societies Association

2 min read Partner content

Criminals use exceptional circumstances like the current COVID-19 situation as a chance to pose as employees of a genuine organisation, such as building society / bank staff and police officers and target you for fraud scams.

Criminals pretend to be from your building society, bank or the police and claim they are dealing with coronavirus-related issues that require you to respond by paying money or providing personal information that will allow them to access your account.

They often use pressure tactics to stop you thinking about want they want you do for them.

To be clear, a building society will never:
•    Ask you to disclose your PIN number or other passwords for your accounts
•    Encourage you to move funds from your own account into a different “safe” account 
•    Encourage you to order and pay for UK cash via the phone or internet.
•    Charge up-front fees for repayment holidays
•    Make home visits to collect mortgage arrears on your doorstep
•    Demand an immediate payment of mortgage arrears over the phone
•    Demand payment of mortgage arrears via email providing you with a link through which to make payments.

Individuals who approach you saying that they are building society employees and who pressurise you in the ways outlined above are criminals.

Stop – Take a moment to think. 
Challenge – Don’t be afraid to ask questions or to say “No” and end the conversation.
Protect – Contact the building society or the bank from which you have made a payment immediately if you think that you have been the victim of fraud.

Tags

Economy Fraud

Categories

Coronavirus Economy
Associated Organisation
Partner Content
Inclusive Capitalism

The next decade holds big challenges and it rarely has it been so important to show that capitalism and social progress aren’t opposing forces. Quite the opposite. All it takes is a longer-term view, a more inclusive attitude and for everyone to take that first step.

Find out more

Partner content
Connecting Communities

Connecting Communities is an initiative aimed at empowering and strengthening community ties across the UK. Launched in partnership with The National Lottery, it aims to promote dialogue and support Parliamentarians working to nurture a more connected society.

Find out more